Jakarta:The stamp duty exemptions for rehabilitating abandoned housing projects are anticipated to aid in project revival and provide relief to affected buyers, as noted by the Real Estate And Housing Developers' Association Malaysia (REHDA).
According to BERNAMA News Agency, REHDA President Datuk Zaini Yusof highlighted that extending investment tax allowances up to 100 percent for qualifying green technology projects and assets until December 31, 2030, is expected to promote sustainable practices, especially among smaller developers facing higher implementation costs. Additionally, the expansion of stamp duty exemptions for first-time homebuyers is set to alleviate the financial burden on aspiring homeowners.
The exemptions include full relief on instruments of transfer and loan agreements for properties priced up to RM500,000 and enhanced relief for properties up to RM750,000, with full exemption on the first RM500,000 and a 50 percent exemption on the remaining amount. The government's commitment to affordable housing is further underscored by nearly RM1 billion allocated for Rumah Mesra Rakyat and Program Residensi Rakyat.
Mah Sing Group Bhd founder and group managing director Tan Sri Leong Hoy Kum remarked that the proposed one percent tax rate reduction for certain income bands would allow eligible taxpayers more financial flexibility. This reduction is anticipated to support prospective homebuyers, particularly first-time buyers and middle-income households, in managing homeownership costs and sustaining buyer confidence.
Real estate consultant CBRE|WTW's group managing director Tan Ka Leong mentioned that the RM20 billion Syarikat Jaminan Kredit Perumahan (SJKP) housing loan guarantee is set to improve homeownership access for first-time buyers, especially the self-employed and those without fixed incomes. This initiative should sustain demand in the affordable and mid-market segments by addressing financing constraints.
Tan further noted that continued investment in Lumut Maritime Industrial City (LuMIC), Chuping Valley, and the Northern Corridor Economic Region (NCER) Agribio Economic Zone would bolster industrial and agribusiness growth, enhancing demand for industrial land, logistics facilities, worker accommodation, and related commercial uses. The measures announced in Budget 2027 aim to provide a balanced platform for property market growth by addressing housing affordability, urban regeneration, and infrastructure capacity.